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Benchmark indices Sensex and Nifty ended largely flat on Wednesday, with the 30-share Sensex snapping its three-day gaining streak, while Nifty managed to close marginally higher.
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Shares of major Indian textile companies fell up to 6% for a second straight day after Bangladesh signed a trade agreement with the U.S., offering lower tariffs and exemptions on select textiles. Experts suggest the impact on Indian exporters may be limited, though competitive pressures could rise, particularly in product-specific categories.
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The Indian equity market is exhibiting a narrow leadership, with only a few stocks like M&M and State Bank of India showing standout performances and reaching new highs. This selective strength contrasts with broader indices struggling for traction, indicating a stock-specific environment rather than a market-wide uptrend.
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Apollo Hospitals has announced robust quarterly results. Revenue surged by 17% to 6,477 crores, with net profit climbing 35% to 502 crores. The hospital segment saw a 14% revenue increase. Expansion plans are on track, with new beds opening soon. The pharmacy network is the largest in India. Profitability across segments is strong.
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Market experts note that Q3 earnings met expectations, with mid and smallcaps showing strong performance. Resolutions in US trade deals have boosted corporate confidence, especially for exporters. Analysts are optimistic about 2026, anticipating a better year than 2025 due to monetary and fiscal stimulus, lifted tariff uncertainties, and improved valuations, with a focus on stock-specific opportunities.
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